Phillips 66 (PSX): Today's Featured Basic Materials Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Phillips 66 ( PSX) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 1.3%. By the end of trading, Phillips 66 rose $1.40 (1.9%) to $74.65 on average volume. Throughout the day, 3,202,827 shares of Phillips 66 exchanged hands as compared to its average daily volume of 3,570,900 shares. The stock ranged in a price between $72.63-$74.92 after having opened the day at $72.63 as compared to the previous trading day's close of $73.25. Other companies within the Basic Materials sector that increased today were: China Gengsheng Minerals ( CHGS), up 24.7%, Synthesis Energy Sys ( SYMX), up 19.2%, USEC ( USU), up 17.4% and Tanzanian Royalty Exploration Corporation ( TRX), up 16.1%.

Phillips 66 operates as an independent downstream energy company. The company operates in three segments: Refining and Marketing (R&M), Midstream, and Chemicals. Phillips 66 has a market cap of $44.4 billion and is part of the energy industry. Shares are down 4.5% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Phillips 66 a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Phillips 66 as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow.

On the negative front, GSE ( GSE), down 10.0%, Lilis Energy ( LLEX), down 9.3%, Intrepid Potash ( IPI), down 8.8% and Entree Gold ( EGI), down 7.8% , were all laggards within the basic materials sector with Talisman Energy ( TLM) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?